Who is eligible for Chapter 13 bankruptcy in North Carolina?

In North Carolina, individuals and self-employed individuals are eligible for Chapter 13 bankruptcy if they meet certain criteria. There is no specific income limit to qualify; however, the debtor must have a regular source of income to make monthly payments towards the repayment plan. Chapter 13 can be ideal for those who have a steady income but are struggling to repay their debts. This type of bankruptcy allows debtors to restructure their debts and create a repayment plan over a period of three to five years. It is important to consult with a qualified bankruptcy attorney to determine eligibility and understand the specific requirements and benefits of Chapter 13 bankruptcy in North Carolina.